Tele2 (OTCMKTS:TLTZY) Short Interest Down 70.1% in July

Tele2 (OTCMKTS:TLTZY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 24,110 shares, a drop of 70.1% from the June 30th total of 80,604 shares. Based on an average trading volume of 300,529 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Tele2 Stock Performance

Shares of OTCMKTS TLTZY opened at $8.27 on Monday. Tele2 has a 12-month low of $7.39 and a 12-month high of $11.61. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 10.60 and a beta of 0.40. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The stock’s 50 day simple moving average is $9.03 and its 200 day simple moving average is $9.65.

Tele2 (OTCMKTS:TLTZY) last posted its earnings results on Thursday, July 16th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Tele2 had a net margin of 33.96% and a return on equity of 42.92%. The company had revenue of $766.77 million during the quarter, compared to the consensus estimate of $750.18 million. Equities research analysts expect that Tele2 will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TLTZY shares. Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Citigroup downgraded shares of Tele2 from a “buy” rating to a “neutral” rating in a research note on Thursday, May 7th. Kepler Capital Markets upgraded Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Tele2 in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Tele2

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.